Sell, Why, why why....? Care to share?

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Added on October 1, 2009, 9:29 pmZamans u still want to avg out if it falls further? and what is the next TP?

This post has been edited by yang yang: Oct 1 2009, 09:30 PM

it might goes down to 0.18/0.15 ..... is the ceo sleeping or wat ? seems they can't secured new work....

FWIW I agree.

I cleaned out the dog house today and dumped OILCRAP, LIONCRAP and SAG.
I'm still holding SCAMMY 'cos I think their political connections will get them part of the LRT deal and a few other crumbs.

Just my opinion only.

It's painful to take a loss

dumpin in profit or loss bro...?

1. NO, I promised myself not to average or dump even 1cts in KLSE. TP is still 30cts. I have faith as OIL price will recover in 1 year time. Till then, just keep it.
Side note: If it hit 15-20cts, maybe I will pump in 100,000 shares.

2. SELL? 10K is huge sum my fren. Easy to say CUT LOSS. IF that is your money, will you do it? Was hoping it to reach 25cts before want to cut losses but now the situation does not warrant me to do so.

but u still gain from Hai O rite??

no SAAG for me till the seychelles out of them

a fighter always behave like one.....

I think I will re-apply the TIME Engr situation that hit me last year. Price plunged from 30's to 15cts. I hold tight. Time was in PN-17 some more.

Then @ 15-20 cts (range) I will n sell actively. 0.005cts profit i will let go , buy n sell, in big quantities (500 lots, 700 lots). Painfully it tooks me few month to recover the huge negative, once the recovery about 2/3. I cut loss all TIME. Until now won't touch TIME.. Sejarah Hitam..

This post has been edited by zamans98: Oct 1 2009, 09:53 PM

yea, i oso almost take time 3 mths ago but divert to bcttech. Now in paper profit 15%.....

I check their financial summary, p/l green from 2006 up until now...Result : I wont dump either. Avg out : hmmm... still thinking.

That makes sense to me. I just thought it would be easier to take the hit and use the money elsewhere to recoup the loss.
That's all.
At least - that way - I am in control of the cash and the investment rather than relying on scanty information and half truths from a bunch of failed company 'directors'.

My problem with SAAG and OILCRAP is that I flat out don't believe the numbers (audited or un-audited)

This post has been edited by David_Brent: Oct 1 2009, 10:13 PM

WOW holding 100,000 SAAG shares!

Now the scenario is like KNM (last time), where FF is dumping...so wait until the FF balik kampung then probably avg out.

This post has been edited by yang yang: Oct 1 2009, 10:27 PM

Can we know the reasons please.....

FF left months and motnhs ago mate.
Don't expect them to be back to KNM any time soon.
Just my opinion. FWIW.

Thursday, 1 Oct 2009

7:03PM Stafford Investments Limited (66,650,700 Shares Disposed)

This is not FF. Opps sorry then...and i am not referring to KNM. This is SAAG thread...
This post has been edited by yang yang: Oct 1 2009, 10:22 PM

True, but the situation now is not good. So cannot re-coup the losses of 10k via any other counter, unless you can name some.

TBH - I thought very long and hard about SAAG before deciding to sell it.....
I think they have a very good opportunity in India where they are closing some deals; I also agree with you about the oil price - it WILL go up substantially and companies like SAAG will benefit no question.

It was just that I wasn't prepared to wait for all these things to (maybe) happen and I also lost confidence in the directors of the company once I checked them out thoroughly. I felt that even taking a 10K loss I could get back the money elsewhere in another sector rather than leaving my money in the hands of managers whose judgement, skills, integrity and ethics I questioned.

No offence - just my 2 cents. best of luck!!

Appreciate your view/concern on this issue. Really, no hard feelings. I like your view, it comes form different angle.

David seems like u have lots of penny stocks eh? Oilcrap and now Saag? I suppose for SAAG, earnings visibility are clear but the stocks seems to project a 66% dropped in earnings for the coming financial year. I have not looked at its financial statements as yet but I just don't know the reason why they split their stocks into 10sen each. But the shares seemed to be moving downhill eversince.

Anyway care to share with us in detailed on how u have investigated and found certain things about the board and etc?

This post has been edited by alenac: Oct 1 2009, 10:42 PM